§ 299-17. Bond requirements.

Prior to the issuance of any certificate, the applicant shall file with the Chief of Police a bond running to the Village in the amount of $2,000, with good and sufficient surety, in such form as shall be approved by the Village Attorney or his designated representative. Said bond shall remain in force for the term of the certificate and shall be conditioned to indemnify and pay the Village for any penalties or costs incurred in the enforcement of any of the provisions of this chapter and to indemnify and reimburse any purchaser of personal property from the holder of the certificate in a sum equal to at least the amount of any payments such purchaser may have been induced to make through the misrepresentation as to the kind, quality or value of the personal property, whether said misrepresentation was made by the certificate holder or said certificate holder's agents, servants or employees either at the time of making the sale or through any advertisement printed or circulated with reference to such personal property or any parts thereof.

Amended 1-22-2013 by L.L. No. 1-2013